Forestry Equipment Market By Equipment Type (Harvesters, Feller Bunchers, Forwarders, Skidders, Loaders, Mulchers, Stump Grinders, Chippers, Swing Machines, Others); By Application (Logging, Land Clearing, Tree Planting, Forest Road Construction, Fire Management); By End-Use (Commercial Forestry, Private Forestry, Governmental/State Forestry Operations); By Geography, Segment revenue estimation, Forecast, 2024-2032.

The forestry equipment market was worth USD 11.2 billion in 2023 and will be worth USD 17.18 billion by 2030, growing at a CAGR of 5.5% during the forecast period.

 

The market for forestry equipment is projected to increase due to increasing global demand for timber and wood products in construction, paper, and biomass energy. The consumption of timber has increased globally, with the Food and Agriculture Organization (FAO) indicating that the world's wood production in recent years was over 1.9 billion cubic meters, thus enhancing the need for efficient foray machinery. Technology has also boosted efficiency through mechanized logging, especially in North America and Europe, by using equipment such as harvesters, feller bunchers, and skidders, among others, due to the reduced labor cost. Thus, the shift towards sustainable and precision forestry creates the need to utilize modern and efficient equipment.

 

A major opportunity in the forestry equipment market lies in the increasing adoption of automation and electrification to improve efficiency and sustainability. As the world shifts towards decreased carbon emissions, electric and hybrid forestry equipment are on the rise, with potential savings of up to 30%, both in fuel and emissions, over traditional machinery. For instance, in harvester and forwarder technology, Komatsu and John Deere have developed electric and hybrid functioning models that enhance operational productivity while reducing harm to natural resources. Additionally, integrating AI and machine learning into forestry equipment allows for more precise tree felling and forest management, reducing waste and improving sustainability. This growing focus on eco-friendly, technologically advanced equipment presents a significant opportunity for manufacturers to expand their offerings in line with global sustainability trends.

 

 

Market Segmentation

By Equipment Type:

• Harvesters

• Feller Bunchers

• Forwarders

• Skidders

• Loaders

• Mulchers

• Stump Grinders

• Chippers

• Swing Machines

• Others (e.g., Slashers, Delimbers)

 

By Application:

• Logging

• Land Clearing

• Tree Planting

• Forest Road Construction

• Fire Management

 

By End-Use:

• Commercial Forestry

• Private Forestry

• Governmental/State Forestry Operations

 

By Region

North America

• US

• Mexico

• Canada

• Rest of North America

 

Europe

• Switzerland

• Russia

• France

• Germany

• U.K

• Finland

• Turkey

• Netherlands

• Belgium

• Spain

• Italy

• Rest of Europe

 

 

Asia Pacific

• India

• China

• South Korea

• Japan

• Singapore

• Thailand

• Indonesia

• Malaysia

• Philippines

• Australia

• Rest of Asia-Pacific

 

 

LAMEA

• Brazil

• Argentina

• Uruguay

• Saudi Arabia

• Rest of LAMEA

 

North America is the leading region of the global forestry equipment market due to a huge forest resource and sophisticated logging operations. Together, the U.S. and Canada produce more than 30% of the world's industrial wood, utilizing high levels of mechanization in the management of forests. For example, the United States forestry sector is important in GDP and produces about 500 million cubic meters of industrial round wood annually. New technologies involve using more sophisticated equipment in managing forests, like electric-powered loggers and cutters, equipment that GPS locates.  In Canada, sustainable forestry practices are supported by government policies, further boosting the demand for modern, eco-friendly forestry equipment. This focus on innovation and sustainability in North America's forestry operations ensures the region's continued dominance in the global market.

 

Key Players

• John Deere

• Komatsu Ltd.

• Caterpillar Inc.

• Husqvarna Group

• Ponsse Plc

• Tigercat International Inc.

• Hitachi Construction Machinery Co., Ltd.

• Doosan Infracore

• Volvo Construction Equipment

• Kubota Corporation

• Stihl Holding AG & Co. KG

 

Forestry Equipment Market Report Coverage

Report Attribute	Details
Forecast Period	2023 – 2030
Market Size Value in 2023	USD 11.2 billion
Revenue Forecast in 2030	USD 17.18 billion
Overall Growth Rate	CAGR of 5.5%
Base Year for Estimation	2022
Historical Data	2017 – 2021
Unit	USD Billion, CAGR (2023 – 2030)
Segmentation	By Equipment Type, By Application, By End-Use, By Region
By Equipment Type	Harvesters, Feller Bunchers, Forwarders, Skidders, Loaders, Mulchers, Stump Grinders
By Application	Logging, Land Clearing, Tree Planting, Forest Road Construction, Fire Management
By End-Use	Commercial Forestry, Private Forestry, Governmental Forestry
By Region	North America, Europe, Asia-Pacific, LAMEA
Country Scope	US, Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Australia, etc.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.